Worldline : Largely unsurprising numbers ahead of Ingenico deal close
>H1 results close to expectations - Worldline has just reported its H1 2020 results. At first glance, they are close to expectations, with sales down -6% in organic terms (consensus = -6% - Q2 = -13% after +2% in Q1) and organic EBITDA margin contraction of 170bp to 22.6% (consensus = 23.1%).As expected, the merchant services division was the hardest hit by the health crisis (Sales/EBITDA = -11/-16% - slump of >30% in the number of transactions at the start of th...Worldline is a financial transaction processing company based in France. Co's operations are organized along three segments covering payments and digital services: Merchant Services & Terminals (facilitating consumer engagement around end-to-end e-payment transactional services on any device – before, during and after the point of sale); eMobility and eTransactional Services (assists businesses and governments in developing new digital services enabling strategic digital transformation); and Financial Processing & Software Licensing (provides processing services to banks and financial institutions for managing card-based and online cashless payments).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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